What is the best way to search for the right solicitor to supply a quality service for my conveyancing in Stilton?

Option 1 is to ask your friends and family who they used in the past and if they were happy with the service.

Second, search the internet for conveyancing in Stilton. Ring two or three from the list and ask them to email you their conveyancing fee calculations and discuss your needs with the solicitor who will handle the legal process beforecommitting.

Third is to make use of our search tool to assist you in finding the right solicitors taking into account your personal expectations including location,timings, complexity and who your intended lender is. Avoid the trap of appointing £99 conveyancing in Stilton

Do banks and building societies provide you with an approved list of Stilton conveyancing solicitors? How do you know who is on the Leeds Building Society conveyancing panel?

Stilton conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.

We're in Stilton, First timers purchasing with a mortgage (lender is Bank of Ireland , and our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My husband and I are novice buyers - had an offer accepted, but the property agent has warned us that the seller will only issue a contract if we appoint the agent's recommended solicitors as they need a ‘quick sale’. Our preferred option is to instruct a family conveyancer used to conveyancing in Stilton

It is improbable the vendors are driving this. If they desire ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you are going to instruct your own,trusted Stilton conveyancing firm - not the ones that will give the negotiator at the agency a commission or meet his conveyancing figures set by HQ.

What are the frequently found defects that you encounter in leases for Stilton properties?

Leasehold conveyancing in Stilton is not unique. Most leases are unique and drafting errors can result in certain provisions are not included. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party.

You may encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Norwich and Peterborough Building Society, and Alliance & Leicester all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, obliging the purchaser to withdraw.

I bought a ground floor flat in Stilton, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Stilton with an extended lease are worth £195,000. The ground rent is £45 per annum. The lease ends on 21st October 2088

With just 63 years left to run we estimate the price of your lease extension to be between £16,200 and £18,600 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.